X0306 4 2017-01-26 0000036104 US BANCORP \DE\ USB 0001631228 Quinn Katherine B 800 NICOLLET MALL MINNEAPOLIS MN 55402 1 EVP, Chief Strategy & Rep Of Common Stock, $0.01 par value 2017-01-26 4 A 0 22165.0000 0.0000 A 51339.0000 D The performance-based restricted stock units vest in four equal annual installments beginning on February 18, 2017. These units made up 75% of the value of the reporting person's 2016 long-term incentive compensation award granted on February 18, 2016. The number of units earned and eligible to be settled in shares of common stock was determined on January 26, 2017, based on the company's 2016 performance against certain preset performance targets. James L. Chosy for Katherine B. Quinn 2017-01-27